around 7%If your goal is to double your invested sum in 10 years, you should invest in a manner to earn around 7% every year. Rule of 72 provides an approximate idea and assumes one time investment.

Answered by: Édouard Lopez Date created: May 14, 2022

## What rate of return do you need to double your money in 10 years?

Asked By: Ólafur Waage Date created: May 08, 2022

7.2 percentThe math rule of 72 tells you how long it will take to double your money at a given rate. The interest rate times the number of years to double compounded equals 72. So to double an investment in 10 years, divide 72 by 10. A mutual fund needs an average annual return of 7.2 percent to double in 10 years.

Answered By: Alfe Date created: May 09, 2022

## How can I double my money in 4 years?

Asked By: JayDev Date created: May 03, 2022

If you divide your expected annual rate of return into 72, you can find out how many years it will take you to double your money. Let's say, for example, that you expect to get returns of 10 percent a year. Divide 10 into 72, and you discover the number of years it takes you to double your money, which is seven years.

Answered By: Joel Hinz Date created: May 05, 2022

## What interest rate doubles your money in 7 years?

Asked By: Paulo Scardine Date created: May 02, 2022

At 10%, money doubles every 7.2 years and when you divide 7.2 by 10%, you get 72. This rule of thumb helps you compute when your money (or any unit of numbers) will double at a given interest (growth) rate.

Answered By: Amsakanna Date created: May 04, 2022

## How can I double my money every 3 years?

Asked By: Sridhar Date created: May 02, 2022

The rule can tell you how fast you can double your money. Divide 72 by the interest rate at which you are compounding your money, and you will arrive at the number of years it will take to double in value. For instance, you money will double in 3 years if you are compounding at 24 per cent (ie 72/24 = 3 years).

Answered By: Mohsen Esmailpour Date created: May 03, 2022

## How many years would it take your money to double A at 10% interest compounded yearly?

Asked By: quickshiftin Date created: Apr 28, 2022

7.2 yearsThe rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. 1﻿ For example: If you invest money at a 10% return, you will double your money every 7.2 years. (72/10 = 7.2)

Answered By: Hoque MD Zahidul Date created: Apr 29, 2022

## How long will it take for money to double if it is invested at 6% compounded continuously?

Asked By: DNS Date created: May 10, 2022

12 yearsTo use the Rule of 72 in order to determine the approximate length of time it will take for your money to double, simply divide 72 by the annual interest rate. For example, if the interest rate earned is 6%, it will take 12 years (72 divided by 6) for your money to double.

Answered By: whites11 Date created: May 10, 2022

## What percentage of money will double in 10 years?

(72/8 = 9) If you invest at a 7% return, you will double your money every 10.2 years.

Answered By: gagneet Date created: May 02, 2022

## How does money double every 7 years?

Asked By: kahowell Date created: May 12, 2022

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. 1﻿ For example: If you invest money at a 10% return, you will double your money every 7.2 years. ... If you invest at a 7% return, you will double your money every 10.2 years.

Answered By: Magnetron Date created: May 14, 2022

## How fast can I double my money in the stock market?

Asked By: Damien MATHIEU Date created: May 01, 2022

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. 1﻿ For example: If you invest money at a 10% return, you will double your money every 7.2 years. (72/10 = 7.2)

Answered By: Rubén Date created: May 04, 2022

## At what rate of simple interest will a sum of money double itself in 8 years?

Asked By: Irvin Jay G. Date created: May 03, 2022

12.5% per annumAt what rate percent per annum will a sum of money double in 8 years. Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum.

Answered By: Niket Pathak Date created: May 06, 2022 Professor

### At what rate of simple interest will money double itself in 7 years?

Answer. It take about 14 years for four folding in which doubling the sum of money takes place in 7 years. Professor

### How long will it take a certain sum of money to triple itself?

A sum of money at simple interest double itself in 4 years. in how many years will it triple itself... At what rate percent per annum simple interest, will a sum of money triple itself in 25 years? Professor

### How long will it take for money to double at a rate of 6% compounded monthly?

For example, if the interest rate earned is 6%, it will take 12 years (72 divided by 6) for your money to double. Professor

### How do I double my money in 10 years?

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. 1﻿ For example: If you invest money at a 10% return, you will double your money every 7.2 years. Professor

### Can I double my money in 10 years?

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return.

1﻿ For example: If you invest money at a 10% return, you will double your money every 7.2 years.

...

If you invest at a 7% return, you will double your money every 10.2 years.. Professional

### How soon does money double if it is invested at 8% interest?

approximately nine yearsFor example, if an investment scheme promises an 8% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money. Professional

### How can I double my money in 1 year?

To use the rule, divide 72 divided by the investment return (or interest rate your money will earn).

The answer will tell you the number of years it will take to double your money.

For example: If your money is in a savings account earning 3% a year, it will take 24 years to double your money (72 / 3 = 24).. Professional

### How can I double my money in 3 years?

The rule can tell you how fast you can double your money. Divide 72 by the interest rate at which you are compounding your money, and you will arrive at the number of years it will take to double in value. For instance, you money will double in 3 years if you are compounding at 24 per cent (ie 72/24 = 3 years). Professional

### How can I double my money in a year?

To use the rule, divide 72 divided by the investment return (or interest rate your money will earn). The answer will tell you the number of years it will take to double your money. For example: If your money is in a savings account earning 3% a year, it will take 24 years to double your money (72 / 3 = 24). Professional

### Does money double every 10 years?

Using the rule, you take the number 72 and divide it by this expected rate. For example, if you have a \$10,000 investment that has earned or that you anticipate will earn an average of 10% every year, it would take 72/10 = 7.2 years for your money to double. User

### What interest rate do you need to double your money in 5 years?

14.4%For example if you wanted to double an investment in 5 years, divide 72 by 5 to learn that you'll need to earn 14.4% interest annually on your investment for 5 years: 14.4 × 5 = 72. The Rule of 72 is a simplified version of the more involved compound interest calculation. User

### Does your money double every 7 years?

Here's how the Rule of 72 works: At 10%, money doubles every 7.2 years and when you divide 7.2 by 10%, you get 72. This rule of thumb helps you compute when your money (or any unit of numbers) will double at a given interest (growth) rate. User

### At what annual rate of interest compounded yearly Will money double in 8 years?

9% per yearThe Rule of 72 indicates than an investment earning 9% per year compounded annually will double in 8 years. User

### At what interest rate will a sum of money double itself in 3 years if the interest is compounded annually?

Answer. ☆☆☆Let the rate percent per annum be R. Thus, the required rate is 25.99% per annum. User

### At what percent simple interest will a sum of money double itself in 16 years?

541​% Guest

### At what rate of interest a sum of money doubles itself in 10 years in simple interest?

So rate per annum = 10%. Guest

### At what rate of interest a sum of money doubles itself in 10 years?

In how many years will a sum of money double itself with the rate of 10% per annum simple interest? Here, we have R = 10% and have to calculate t for the sum of the money (that is P) to double. Hence, it will take 10 years for the sum of money to double itself with the rate of 10% per annum simple interest. Guest

### At what rate of interest will a sum of money double in 5 years?

14.4% per yearSimilarly, if you want to double your money in five years, your investments will need to grow at around 14.4% per year (72/5). If your goal is to double your invested sum in 10 years, you should invest in a manner to earn around 7% every year. Rule of 72 provides an approximate idea and assumes one time investment. Guest

### At what rate of interest will a sum of money double itself in 20 years?

Answer Expert Verified At 5% simple interest, a sum of money doubles itself in 20 years.. Guest

### At what rate of interest will a sum of money double itself in 5years?

Answer. R =? At 5% simple interest, a sum of money doubles itself in 20 years. Guest

### At what rate of interest will a sum of money doubles itself in 50 3 years?

Time ; t = 50 3 years so , simple interest , I = p × r × t 100 = p × r × 50 3 × 100 = pr 6 So sum of money after 50 3 years = p + I = p + pr 6 Now according to the question we have ; Sum of money becomes double after 50 3 years , so we have ; 2 p = p + pr 6 ⇒ p = pr 6 ⇒ r = 6 Therefore rate of interest is 6 % . Guest

### At what rate of markup would a sum of money become double in 20 years?

Answer Expert Verified At 5% simple interest, a sum of money doubles itself in 20 years. Guest

### At what rate of simple interest a sum of money will be doubled of itself in 15 years?

If the sum doubles (x2) in 15 years, then it to become 2*2*2 = 8 times as large it should double three times, so three 15 years time period are needed, which is 3*15 = 45 years. Guest

### At what rate of simple interest will a sum of money amount to 7 4 of itself in 6 years?

700/4 in 6 years. Interest = (700/4)-100 = Rs. 300/4; Hence, Rate = Total interest/ given time = 300/4*6 = 12(1/2)%. Guest

### At what rate of simple interest will a sum of money double itself in 10 years?

10% per annumAnswer. it means at the rate of 10% per annum sum will double itself in 10 years . Guest

### At what rate of simple interest will a sum of money doubles itself in 1 year?

Here, we have R = 10% and have to calculate t for the sum of the money (that is P) to double. Hence, it will take 10 years for the sum of money to double itself with the rate of 10% per annum simple interest. Guest

### At what rate of simple interest will a sum of money doubles itself in 10 years?

10% per annumAnswer. it means at the rate of 10% per annum sum will double itself in 10 years . Guest

### At what rate of simple interest will a sum of money doubles itself in 8 years?

12.5% per annumWhere P is principal amount, R is rate of interest and T will be time period. Hence, the rate of interest to double a money in 8 years will be 12.5% per annum. Guest

### At what rate of simple interest will a sum of money treble itself in 25 years?

Answer. rate of interest is 8%. Guest

### At what rate of simple interest will a sum of money triple in 10 years?

Answer. Answer: So rate of percentage per annum must be 12.5% to triple the sum. Guest

### At what rate of simple interest will a sum of money triples itself in 10 years?

Answer. Answer: So rate of percentage per annum must be 12.5% to triple the sum. Guest

### At what rate of simple interest will sum of money doubles itself in 20 years?

5%At 5% simple interest, a sum of money doubles itself in 20 years. Guest

### At what rate per annum will sum of money double in 16 years?

= P and T = 16 yrs. Rate = (100 x P)/(P*16)% = 6 ¼ % p.a. Guest

### At what rate per cent of simple interest will a sum of money double itself in 12 years?

721​% Guest

### At what rate per cent per annum will a sum of money double itself in eight years?

12.5% per annumHence, the rate of interest to double a money in 8 years will be 12.5% per annum. Guest

### At what rate Percent of simple interest will a sum of money double itself in 12 years?

721​% Guest

### At what rate Percent of simple interest will a sum of money double itself in 15 years?

In your case, a rate of ~4.8% would double a sum in ~15 years. R=100*I/P*N=100*P/P*15=100/15=20/3=6.666… =6.67%. Guest

### At what rate Percent of simple interest will a sum of money double itself in 2 years?

So rate of interest should be 3 (1/3) to get some of money double itself.. Guest

### At what rate Percent of simple interest will a sum of money double itself?

=PRT100. Where P is principal amount, R is rate of interest and T will be time period. Hence, the rate of interest to double a money in 8 years will be 12.5% per annum. Guest

### At what rate percent on simple interest will a sum of money double itself in 30 years *?

So rate of interest should be 3 (1/3) to get some of money double itself. Guest

### At what rate percent per annum simple interest will a sum of money double itself in 10 years?

Answer. it means at the rate of 10% per annum sum will double itself in 10 years . Guest

### At what rate percent per annum simple interest will be a sum of money double itself in 16 years?

641​% Guest

### At what rate percent will a sum of money double itself in 5years?

Answer. R =? At 5% simple interest, a sum of money doubles itself in 20 years. Guest

### At what rate percent will a sum of money doubles itself in 8 years?

12.5%At what rate percent per annum will a sum of money double in 8 years. Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum. Guest

### At what rate will a sum of money doubles itself in 10 years?

Here, we have R = 10% and have to calculate t for the sum of the money (that is P) to double.

Hence, it will take 10 years for the sum of money to double itself with the rate of 10% per annum simple interest.. Guest

### At what simple interest rate will a sum of money be doubled in 5 years?

Alternatively you can calculate what interest rate you need to double your investment within a certain time period.

For example if you wanted to double an investment in 5 years, divide 72 by 5 to learn that you'll need to earn 14.4% interest annually on your investment for 5 years: 14.4 × 5 = 72.. Guest

### At what simple interest rate will an amount of money double itself in 12 years?

To use the Rule of 72 in order to determine the approximate length of time it will take for your money to double, simply divide 72 by the annual interest rate. For example, if the interest rate earned is 6%, it will take 12 years (72 divided by 6) for your money to double. Guest

### At what simple interest rate will sum of money double itself in 5 years?

For example if you wanted to double an investment in 5 years, divide 72 by 5 to learn that you'll need to earn 14.4% interest annually on your investment for 5 years: 14.4 × 5 = 72.

The Rule of 72 is a simplified version of the more involved compound interest calculation.. Guest

### How can I double my money in 5 years?

This is the number of years it will take for your money to double. For example, if your money is earning an 8 percent interest rate, you'll double your money in 9 years (72 divided by 8 equals 9). Or, if your money is earning a 5 percent interest rate, you'll double it in 14.4 years (72 divided by 5 equals 14.4). Guest

### Does money double in 7 years?

The Rule of 72 states that the amount of time required to double your money equals 72 divided by your rate of return. For example: If you invest money at a 10 percent return, you will double your money every 7.2 years. If you invest at a 7 percent return, you will double your money every 10.2 years.